EURUSD On 4H
A-B-C-D-E Wedge = Correction
{Impulse - Correction - Impulse}
Impulse wave is always followed by correction
(where correction ends, main trend resumes)
3rd wave rests on 50 fib of the bigger picture
correction
4th wave is most likely to correct 38.2% of
wave 3
5th wave lies at 61.8 fib
{Impulse - Correction - Impulse}
Impulse wave is always followed by correction
(where correction ends, main trend resumes)
3rd wave rests on 50 fib of the bigger picture
correction
4th wave is most likely to correct 38.2% of
wave 3
5th wave lies at 61.8 fib
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.